Hidden Bank Charges

Mister_Cynical

I'm opening a business bank account and have been warned about hidden or unreasonable charges. Examples I've been given are charges for going over my overdraft and for making foreign payments. Are there any others I should know about?

dr_adidas01

Simple answer would be to read the charges that will be make when you use the account with the financial organisation you have chosen to go with.

As each one will charge for different things which another one may not.

grumbler

Mister_Cynical wrote: »

I'm opening a business bank account and have been warned about hidden or unreasonable charges. Examples I've been given are charges for going over my overdraft and for making foreign payments....

IMO neither is hidden or unreasonable. All banks charge for this, although the amounts can vary. Just check the list of fees and charges that every account comes with.

JuicyJesus

They're so well hidden that they feature in booklets given out by banks whenever you open an account with them, and then re-sent by post with the latest updates included at semi-regular intervals thereafter.